The Markets, the Middle Class, & Hopes for Stimulus; Quicken Loans Parent IPO

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 6 August 2020

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The markets may be nearing all-time highs, but the real economy continues to struggle amid the pandemic. Senator Bernie Sanders is calling on billionaires to help support their country in need. Stimulus negotiations press on in Washington, and Operation Hope Chairman & CEO John Hope Bryant debates “Shark Tank” co-host Kevin O’Leary on what’s fair, what’s needed, and what’s at stake in the next round of pandemic relief. Plus, Rocket Companies, the parent of Quicken Loans, IPOs on the NYSE today. CEO Jay Farner and founder, chairman, billionaire, and philanthropist Dan Gilbert share what’s next for the now-public company, and for the mortgage lending landscape.

Transcript

Click on a timestamp to play from that location

0:00.0	This is Squawk Pod. I'm C and Vee producer Cameron Costa. Today on our
0:06.5	podcast debating the next round of stimulus is it the markets versus the
0:11.7	middle class?
0:12.8	Operation Hop's John Hope Bryant,
0:14.9	and Shark Tank co-host Kevin O'Leary.
0:17.0	We can't just abandon the middle class business
0:19.5	that's employing half of this country.
0:21.4	I expect this story to come out well because we're all in this thing together.
0:25.2	I don't want to spend any more money guessing on winners and losers because Congress can't.
0:30.0	There's nobody that can, only the market can.
0:33.0	Billionaire investor, philanthropist, and Quicken Loans founder Dan Gilbert
0:38.0	on his company's IPO and the U.S. economy.
0:41.0	The U.S. economy is the strongest economy in the world
0:43.8	and it always comes back.
0:45.7	Those stories plus a record milestone
0:48.2	for the NASDAQ and a familiar refrain
0:51.1	from Bernie Sanders.
0:53.0	It's Thursday, August 6, 2020.
0:55.7	Squawkod begins right now.
0:58.2	Good morning, everybody.
0:59.2	Welcome to Squawkwax here on the NBC.
1:01.3	I'm Becky Quick Quick along with Andrew Ross
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.